CFA Level II

Study Sessions Outline for the upcoming Level II CFA® course edition

07.02.2015	Quantitative Methods, Economics	8 hours
08.02.2015	Quantitative Methods, Economics	8 hours
14.02.2015	Financial Reporting and Analysis, Corporate Finance	8 hours
15.02.2015	Financial Reporting and Analysis, Corporate Finance	8 hours
21.02.2015	Equity Investments	8 hours
22.02.2015	Equity Investments	8 hours
28.02.2015	Alternative Investments and Fixed Income	8 hours
01.03.2015	Alternative Investments and Fixed Income	8 hours
07.03.2015	Derivatives and Portfolio Management	8 hours
08.03.2015	Derivatives and Portfolio Management	8 hours
14.03.2015	Revision	8 hours
15.03.2015	Mock exam	8 hours
Total		96 hours

The course fee includes:

A series of 12 sessions of 8 clock hours each, held on 6 consecutive weekends. The sessions take place in an air-conditioned classroom, in the city centre. Refreshments and drinks will be offered during the sessions.
A set of materials and handbooks prepared by the trainers and practice tests.
An option to consult the trainer on the phone or by email during the week, between the weekends and after the course.
Samples of CFA exam questions
Tested exam strategy
Course completion certificate

Enrollment

To enrol on a course:

Send your contact data by email or fill in the enrollment form.
Pay the total fee or the first instalment of PLN 1700 into the bank account available in Contact us, where you will find detailed information about payment.

You will receive an email confirming your payment and registration on the list of participants. Should you need any further information or have any queries, please contact us.

Total course fee: PLN 3700

Students and candidates who graduated not earlier than a year ago are entitled to a discount of PLN 200.

Course venue

Conference Centre: right in the centre of Warsaw, Al. Jerozolimskie 44.

Should the venue or time of the course be changed, each participant will be informed about the change 5 days before the start of the course at the latest.

CFA Program curriculum

Quantitative Methods, Economics (16 hours)

Quantitative methods for valuation:

Correlation and regression
Multiple regression and regression analysis
Time-series analysis

Economics for valuation:

Currency exchange rates
Economic growth and investment decisions
Economics of regulation

Financial Reporting and Analysis, Corporate Finance (16 hours)

Financial reporting and analysis:

Inventories, long-lived assets: implications for financial statement and ratios
Intercorporate investments
Employee compensation: Post-employment and Share-based
Multinational operations
Financial reporting quality
Integration of financial statement analysis techniques

Corporate Finance:

Capital budgeting
Capital structure
Dividends and share repurchases
Corporate governance
Mergers and acquisitions

Equity Investments (16 hours)

Equity valuation
Return concepts
Competitive forces, strategy
Discounted dividend valuation
Free cash flow valuation
Market-based valuation: price and enterprise value multiples
Residual income valuation
Private company valuation

Alternative Investments and Fixed Income (16 hours)

Private and public real estate investments
Private equity valuation
Investing in hedge funds
Credit analysis
Term structure and volatility of interest rates
Valuing bonds with embedded options
Mortgage-backed sector of the bond market
Asset-backed sector of the bond market
Valuing mortgage-backed and asset-backed securities

Derivatives and Portfolio Management (16 hours)

Forward markets and contracts
Futures markets and contracts
Option markets and contracts
Swap markets and contracts
Interest rate derivative instruments
Credit derivatives
Portfolio Concepts
Active Portfolio Management
Management process and the investment policy statement

Revision and Mock exam (16 hours)

Total 96 hours